As a result, ACS had very few sales and was rapidly burning through cash.

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Its sales were also hurt after General Motors and Volkswagen rolled out traditional gas burning, yet price-competitive entry-level models.

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Music sales this year are down again, burnt by file sharing and CD burning, among other reasons: So far this year music buyers have bought 423 million units, down 5.2% from a year ago, according to Nielsen SoundScan.

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